Gold prices in the domestic market could gain as investors are likely to go in for value buying. Also, since prices have been hammered in the past few days, technical correction is likely to set in.
In the global market, the yellow metal pared losses marginally on hopes that the recent decline could lead to buying interests since buyers in Asia are set to return after the Chinese New Year holidays. In early trade at Singapore, spot gold was quoted at $1,643.61 an ounce, while gold April contracts ruled at $1,644.10...............................................Full Article: Source